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China Duty Free Group forecasts profits surge in H1--China Economic Net - Vimarsana News

China Duty Free Group forecasts profits surge in H1--China Economic Net

China Duty Free Group Co., Ltd. (CDFG), a state-owned enterprise operating duty-free business, expects its profits to surge in the first half of the year, the company said in a statement filed with the Shanghai Stock Exchange.   Net profit attributable to equity shareholders is estimated to reach 5.44 billion yuan (about 842 million U.S. dollars) for the first half of 2021, almost five times the figure compared with the same period last year, according to the statement.   Operating revenue jumped by 83.85 percent year on year to 35.5 billion yuan during the period, the statement added.   T...

Source: en.ce.cn
For retail investors, global play is the new normal--China Economic Net - Vimarsana News

For retail investors, global play is the new normal--China Economic Net

In the wee hours one day recently in Shenzhen, Guangdong province, Li Guang, 33, shut down his PC finally and prepared to go to bed. But his mind continued to churn data on the trade he had just executed. He added shares of Weibo, a Nasdaq-listed Chinese social network company, to his investment portfolio, a task that required Li to stay awake to play the US market operating in a different time zone.   Li is getting used to life as a night owl, a first step toward becoming a successful part-time retail investor based in China with focus on US stocks. But altering the body's natural biorhythm...

Source: en.ce.cn
GERB-UDF coalition leads in Bulgaria's parliamentary elections: exit polls--China Economic Net - Vimarsana News

GERB-UDF coalition leads in Bulgaria's parliamentary elections: exit polls--China Economic Net

GERB-UDF coalition party leads in Bulgaria's early parliamentary elections by a narrow margin, according to exit polls announced by the Bulgarian National TV on Sunday.   According to Alpha Research Agency's exit poll, GERB-UDF is expected to have 23.5 percent of the votes, against 22.3 percent for There Is Such A People.   The exit poll by Gallup International said that GERB-UDF is leading the elections with 22.1 percent, and There Is Such A People takes 21.5 percent.   Alpha Research said the two formations would be followed by a coalition led by the Bulgarian Socialist Party (BSP) with ...

Source: en.ce.cn
Death toll rises to 90 in U.S. Florida building collapse--China Economic Net - Vimarsana News

Death toll rises to 90 in U.S. Florida building collapse--China Economic Net

The confirmed death toll in the residential building collapse in Surfside, southeastern U.S. state of Florida, rose to 90 with 31 people remaining potentially unaccounted for, Miami-Dade County Mayor Daniella Levine Cava said on Sunday, the eighteenth day of the tragedy.   "Our hearts and minds are always with those who we've lost and the families who are grieving, and those who are still waiting," said Levine Cava at the daily media briefing.   She said that more than 14 million pounds of debris and rubble had been removed from the rubble.   Local authorities have been working with the U....

Source: en.ce.cn
China's banking sector expected to see 3 pct profit growth in Q2, Q3: report--China Economic Net - Vimarsana News

China's banking sector expected to see 3 pct profit growth in Q2, Q3: report--China Economic Net

Chinese commercial banks are likely to see their profits grow by around 3 percent in both the second and third quarters of 2021, forecast the Bank of China Research Institute in a recent report.   In the first half of the year, obvious signs of improvement were seen in the profitability of China's banking sector, while the asset quality was stable, said the report.   Net profits of Chinese commercial banks in the first quarter rose 2.4 percent year on year to total 614.3 billion yuan (about 95.07 billion U.S. dollars), earlier data from the China Banking and Insurance Regulatory Commission ...

Source: en.ce.cn